The phones will also sport WQHD (2,560x1,440 resolution) displays and 16-megapixel cameras, according to the report. Both Samsung Display and Japan Display will "begin volume production of WQHD displays soon," the Digitimes claimed.

CNET has contacted Samsung and will update the report when we have more information.

Samsung will work first on a 64-bit processor based on a design from ARM, Woo said, then develop its own "optimized" 64-bit design.

The company did not provide a timetable for release of the chips on Wednesday, but if the report is accurate, development of at least one of the above chips would have to be fairly far along at this point.

"We are marching on schedule," Woo said Wednesday. "We will offer the first 64-bit [processor] based on ARM's own core. After that, we will offer an even more optimized 64-bit [processor] based on our own optimizations."

Apple revealed the first 64-bit chip for smartphones in September. That Apple A7 processor is also an ARM-based design that has been optimized and tweaked by Apple. It is now in shipping in the iPhone 5S and iPad Air.

Currently, with the exception of Apple, smartphones use 32-bit processors. A 64-bit processor can address memory above 4GB and can deliver higher performance on certain operations -- such as those related to games -- than 32-bit chips.

Samsung discussed smartphones with WQHD displays at its Analyst Day on Wednesday.
Samsung

About the author

Brooke Crothers writes about mobile computer systems, including laptops, tablets, smartphones: how they define the computing experience and the hardware that makes them tick. He has served as an editor at large at CNET News and a contributing reporter to The New York Times' Bits and Technology sections. His interest in things small began when living in Tokyo in a very small apartment for a very long time.
See full bio